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Financial Controller, Myzoi - Sc Ventures, Sharjah

Last update 2025-03-17
Expires 2025-04-17
ID #2645548385
Free
Financial Controller, Myzoi - Sc Ventures, Sharjah
United Arab Emirates, Sharjah Emirate, Sharjah,
Modified March 8, 2025

Description

My Zoi is changing lives for the better for those who deserve it the most. We are an exciting fintech start-up aiming to promote financial inclusion globally. Our vision is to provide a level playing field to the unbanked and the underbanked in accessing essential financial services in an affordable, convenient, and transparent fashion.
Job Summary

We are seeking an experienced Financial Controller with 10-12 years of experience to join our finance team. In this role, you will be responsible for overseeing all financial operations, ensuring accurate financial reporting, and ensuring compliance with regulatory requirements in a fast-paced and evolving fintech environment. The ideal candidate will have a strong background in financial management, accounting, and regulatory reporting, with a hands-on approach to driving financial excellence. Please apply via the link below if you are interested.
Key Responsibilities

Financial Operations & Management:

Oversee Financial Transactions: Manage and supervise all daily financial operations, including accounts payable, accounts receivable, cash management, and bank reconciliations.
Cash Flow Management: Monitor cash flow to ensure the business has the necessary liquidity to meet operational needs, forecast cash requirements, and maintain adequate working capital.
Ensure Accuracy & Timeliness: Ensure that all financial transactions are recorded accurately, on time, and in accordance with the company’s accounting policies and IFRS standards.
Prepare Monthly/Quarterly/Annual Reports: Lead the preparation of timely and accurate monthly, quarterly, and annual financial statements, ensuring they comply with IFRS and UAE regulations.
Financial Analysis & Insights: Provide in-depth financial analysis and business insights, including variance analysis against budgets, forecasting, and performance metrics. Present findings to senior leadership and suggest actionable improvements.
Financial KPIs: Develop, track, and report on key financial metrics and KPIs that provide transparency into the company's performance, profitability, and cost efficiency.

Regulatory & Compliance Reporting:

Tax Compliance & Reporting: Oversee the preparation of tax returns and ensure compliance with local tax regulations, VAT filings, and other statutory obligations in the UAE. Manage relationships with tax authorities and external tax advisors.
Regulatory Filings: Ensure compliance with local and international financial regulations, including those set by the UAE Central Bank, SCA (Securities & Commodities Authority), and other relevant authorities. This includes preparation and submission of financial reports to regulatory bodies on a timely basis.
Audit Coordination: Manage and liaise with external auditors to ensure smooth and timely audit processes. Ensure that audit findings are addressed and any recommendations are implemented.

Budgeting, Forecasting & Strategic Planning:

Lead the Budgeting Process: Own the company’s annual budgeting process, working closely with department heads to build accurate and realistic budgets. Ensure alignment with the company's strategic goals and track performance against budgeted targets.
Financial Forecasting: Develop and maintain rolling financial forecasts. Perform regular forecasting reviews, including revenue, expenses, and cash flow projections, to provide strategic insights and prepare the company for future financial needs.
Scenario Planning: Create various financial models for different business scenarios, helping the senior leadership team understand potential risks and opportunities in the business environment.
Enhance Internal Controls: Establish, review, and improve internal control systems to safeguard the company's assets, ensure the accuracy of financial reporting, and prevent fraud.
Financial Risk Management: Identify and manage financial risks, including foreign exchange, credit, and operational risks. Work with risk team to implement robust mitigation strategies.
Compliance & Audit Readiness: Ensure the business is always audit-ready and compliant with accounting standards, internal policies, and regulatory requirements. Conduct periodic internal audits to identify areas for improvement.

Financial Systems & Process Optimization:

Financial Systems Management: Oversee and improve the financial software and systems (e.g., MS Dynamics, SAP, or Quick Books), ensuring they are used efficiently and effectively across the organization.
Process Improvement: Continuously evaluate and streamline financial processes, identifying opportunities to enhance efficiency, reduce costs, and improve accuracy across financial operations.
Integration with Business Functions: Collaborate closely with other departments (e.g., HR, Operations, Legal) to ensure alignment of financial and business processes and optimize workflows.
Manage Finance Team: Lead and mentor a growing team of finance professionals, fostering a culture of collaboration, transparency, and high performance.
Training & Development: Provide ongoing professional development opportunities for team members. Promote a learning environment to continuously build the technical and leadership skills of the finance team.
Cross-Functional Collaboration: Work closely with other departments, including operations, sales, and marketing, to provide financial support and insights that inform decision-making and drive business performance.

Skills and Experience

Experience: Minimum of 10-12 years in finance and accounting, with at least 5 years in a leadership position, preferably in fintech, financial services, or a startup environment.
Education: Bachelor's degree in Accounting, Finance, or a related field. CPA, CMA, ACCA, or similar certifications are highly preferred.
Regulatory Expertise: Extensive knowledge of UAE financial regulations, IFRS, VAT, tax laws, and compliance requirements.
Technical Proficiency: Advanced skills in financial software (e.g., MS Dynamics, SAP, Quick Books), Excel, and financial modeling. Experience with Power BI and data analytics tools is a plus.
Leadership: Strong leadership and team management experience with the ability to inspire and develop a high-performance team.
Analytical Thinking: Exceptional analytical, problem-solving, and critical-thinking skills with a strong attention to detail.
Communication: Excellent verbal and written communication skills, with the ability to present complex financial information to non-financial stakeholders and senior leadership.
At my Zoi we strive to create both a product and a team that embraces equality, inclusion, diversity and freedom. We want people who can be themselves and bring their own brand of value to the team. Come and join us!
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Job details:

Job type: Full time
Contract type: Permanent
Salary type: Monthly
Occupation: Financial controller, myzoi - sc ventures

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